Kramer Levin acted as U.S. counsel to Real Estate Asset Liquidity Trust™ in connection with a securitization of commercial mortgage loans made on Canadian properties. The securities issued were designated as Commercial Pass-Through Certificates, Series 2015-1 and had an initial aggregate principal balance of Cdn. $321.436 million. This transaction closed on May 21, 2015. The Kramer Levin team consisted of Corporate partner Christopher S. Auguste, Banking and Finance counsel Richard D. Rudder, Tax partner Barry Herzog, Tax special counsel Helayne Oberman Stoopack and Corporate associate Jennifer W. Li.

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